Day: December 16, 2024

XRP Price Targets $3.34 After Corrective Downtrend Within Descending Channel

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

Bitcoin (BTC) Price Tops $106K as New FASB Rule Takes Effect

By Omkar Godbole (All times ET unless indicated otherwise) Imagine you have a rare collectible. It’s aged like fine wine, but only shows the original price tag. That’s how U.S. companies have been told to value their bitcoin … stuck in the past instead of reflecting its true worth. As of today, that changes. Yes, today is when the FASB fair value accounting rule, which passed in 2023, takes effect, allowing companies to report their bitcoin holdings at fair market value instead of the purchase price. The change gives firms…

Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge

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Digital asset investment products recorded a significant surge over the past week, with investors pouring another $3.2 billion into the market. In its weekly fund flows report, digital asset manager CoinShares says the global crypto exchange-traded products market reached $44.5 billion in inflows year-to-date as the streak of positive flows continued to a 10th consecutive week. According to CoinShares, inflows into crypto ETPs has recorded a 300% increase over any other year, with the quadruple spike in 2024 also allowing for average volumes of $21 billion a week. About 30%…

Ethereum Bulls Aim For $4,100 As Key Resistance Comes Into Focus

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Este artículo también está disponible en español. Ethereum is once again making headlines as it edges closer to the critical $4,100 resistance level. After building steady upward momentum, the bulls seem determined to reclaim control and challenge this key barrier. Historically, this level has acted as a tough hurdle for ETH, but recent price action suggests growing buyer confidence.  As ETH edges higher, traders are keenly watching to see if this rally has what it takes to finally break through the resistance and set the stage for further gains. With…

Bitcoin Tops $106K—Is Strategic Reserve The Game-Changer?

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

MicroStrategy shares jump as bitcoin proxy will join Nasdaq-100 index

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Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Shares of MicroStrategy were higher Monday after Nasdaq announced the bitcoin proxy will join the tech-heavy Nasdaq-100 index. The stock was last lower by less than 1%, after jumping as much as 7% earlier. Nasdaq rebalances its Nasdaq-100 index every year. The companies flagged for inclusion are mostly based on the market cap rankings as of the final trading day of November. The…

Russian State Duma Deputy Chairman Calls out Tariff Bluff, Remarks on Digital Currencies’ Role in Freeing International Trade

Alexander Babakov, Deputy Chairman of the Russian State Duma, called out President-elect Trump’s recent threats regarding the hypothetical implementation of a 100% tariff regime on the BRICS bloc, stating that such an application was unlikely. Russian State Duma Deputy Chairman: Trump Unlikely to Proceed With 100% Tariff Threat President-elect Trump still has officials worried about […] Source CryptoX Portal

Top 5 Coins To Watch This Week

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Este artículo también está disponible en español. The crypto ecosystem is on the cusp of yet another significant week, ushered in by several major developments taking place across different networks. This week’s spotlight falls on Bitcoin, Fantom, Avalanche, Stacks, and LayerZero, each of which is facing a pivotal milestone. The broader macro backdrop is also critical, particularly the December 18 Federal Open Market Committee (FOMC) interest-rate decision in the United States. #1 Bitcoin And Crypto Await The FOMC Decision Bitcoin traders and investors are watching the Federal Reserve’s policy meeting…

Transparency must be the default position for water companies

    Warren Seddon is the Director of FOI at the ICO Public interest in water companies is higher than ever, with firms across the UK facing scrutiny over sewage discharges into lakes, rivers and the sea. Concerns about sewage pollution are mounting, as people have no choice but to rely on these companies. The lack of readily available information and the reticence of water companies to disclose information about their activities has significantly dented the public’s confidence. While water companies are only subject to the Freedom of Information Act…